News

Note: This section contains information in English only.
Mon, 21 Jan 2019 20:54:56 GMT

EU gives green light for Tesla's Model 3

Tesla received a green light for its crucial Model 3 vehicle in Europe, eliminating the final obstacle for the EU introduction of the luxury electric car expected next month.

Mon, 21 Jan 2019 20:29:12 GMT

France imposes $57M fine on Google for violating EU law

On Monday, the French data protection regulator fined Google $57M for violating the European online privacy rules, the biggest such fine imposed against the US tech giant.

Mon, 21 Jan 2019 20:25:02 GMT

PE firms to bid for Nestle's skin health unit

The private equity companies, Advent and Cinven, have tied up to bid for Nestle's skin health unit in an auction, which could value the firm at about $7.0B, sources reported on Monday.

Mon, 21 Jan 2019 18:41:55 GMT

Oil prices surge due to OPEC

On Monday, an oil price increase was attributed by the financial media to a rumoured OPEC production cut being negotiated among the oil producing countries.

Mon, 21 Jan 2019 18:41:15 GMT

Econet Wireless restores Zimbabwe's internet

The biggest mobile operator of Zimbabwe, Econet Wirwless, has restored all social media and internet services in the country. Previously the services were off due to a government order that was overruled by the country's court system.

Mon, 21 Jan 2019 18:28:48 GMT

Honduras sends suggestions to WTO

Officials from Honduras on Monday sent various suggestions to the WTO to tweak its rules to resolve the current judicial crisis and trade wars. The tweak would only influence how trade complaints are processed.

Mon, 21 Jan 2019 18:27:52 GMT

Italian Economy Minister comments on IMF

On Monday, the Economy Minister of Italy Giovanni Tria announced that the recommended policies of the IMF are posing risk to the world economy.

Mon, 21 Jan 2019 16:51:27 GMT

Lockheed views possible $20B exports market of F-16 jets

Lockheed Martin is seeing a potential exports of 200 F-16 fighter jets worth $20B from India's assembly line, the company's top executive stated on Monday.

Mon, 21 Jan 2019 16:50:18 GMT

IMF trims global growth estimates amid trade war

On Monday, the International Monetary Fund has trimmed its global economic growth outlook for the next two years amid trade disputes that are hard to resolve and weakness in Europe.

Mon, 21 Jan 2019 16:01:32 GMT

LSE raises interest for Norway's Oslo Bors

The London Stock Exchange operator is eyeing a bid for Oslo Bors; an interest that could potentially trigger the bidding war between the LSE and the Norwegian firm's first bidder Euronext.

Mon, 21 Jan 2019 15:52:42 GMT

Alhokair's mall division plans listing in Q2

Fawaz Alhokair Group's shopping mall unit filed for an initial public offering in Riyadh in this year's Q2, planning to sell about 30% to investors, according to Reuters.

Mon, 21 Jan 2019 14:58:46 GMT

Greece to vote on Macedonia deal this Thursday

The Greek Parliament is set to vote on a deal this Thursday to terminate the long-lasting name dispute over Macedonia between Skopje and Athens.

Mon, 21 Jan 2019 14:52:59 GMT

Elliott urges Telecom Italia for full network split

The activist investor Elliott called in Telecom Italia's board to split its fixed-line network, as the country's regulator had given a thumbs-down to a plan by Vivendi to establish the wholly-owned subsidiary instead.

Mon, 21 Jan 2019 14:37:18 GMT

Russian ambassadors, NATO to meet this Friday

Russia's ambassadors and the NATO are set to hold a meeting in Brussels this Friday to mainly discuss nuclear weapons and a stand-off over Ukraine, the Western military alliance stated on Monday.

Mon, 21 Jan 2019 12:59:51 GMT

Tokio Marine to pursue M&A opportunities overseas

Tokio Marine Holding's new CEO stated the insurer would pursue the overseas mergers and acquisitions opportunities, as it sought to expand its footprint globally.

Mon, 21 Jan 2019 12:59:12 GMT

Rheinmetall forms JV with BAE Systems

On Monday, Germany's defence and automotive group Rheinmetall stated it would form a joint venture with the peer BAE Systems, planning to design, develop and back military vehicles.

Mon, 21 Jan 2019 11:55:22 GMT

UK PM May attempts to crack Brexit deadlock

On Monday, Britain's Prime Minister Theresa May will make her efforts to break the Brexit deadlock by providing the Parliament with proposals that are seen to focus on more concessions winning from the EU bloc.

Mon, 21 Jan 2019 11:40:02 GMT

Israel unveils new airport to bolster tourism in Eilat

Israel opened its new international airport close to the Eilat Red Sea resort, seeking to bolster winter tourism and provide an alternative during the wartime in the Tel Aviv region.

Mon, 21 Jan 2019 11:35:12 GMT

Russia launches civil cases against Twitter, Facebook

On Monday, the Russian communication watchdog stated it had launched a civil case against Facebook and Twitter, as the social media services failed to give an explanation on how they would comply with the local data laws.

Mon, 21 Jan 2019 10:39:23 GMT

WhatsApp globally limits text forwards to five

Facebook's WhatsApp is limiting the number of one message's "forwards" a user can make to five times, seeking to battle "rumours and misinformation", the company explained.

Mon, 21 Jan 2019 10:35:55 GMT

German minister urges UK to revise Brexit

On Monday, Michael Roth, the German Europe Minister, called on Britain to consider revising its decision to withdraw the European Union.

Mon, 21 Jan 2019 09:25:53 GMT

US regulators consider fining Facebook over privacy

The US regulators are discussing whether to impose a fine on Facebook for the personal data and privacy violations, according to the Washington Post.

Mon, 21 Jan 2019 09:17:56 GMT

Meggitt clinches $750M deal with Pratt & Whitney

On Monday, the UK engineering company Meggitt announced it had clinched a $750M deal with the engine maker Pratt & Whitney to keep supplying composite components for two of its engines.

Mon, 21 Jan 2019 08:20:47 GMT

Berkshire denies pact to extract lithium

Berkshire Hathaway's unit denied a media report that claimed it had reached a deal to allow lithium extraction from its Californian geothermal wells, the company's spokesman Jessi Strawn stated.

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